Co-Founder of Temple Digital Group @temple_ny
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Lightspeed 2.0 provided @temple_ny with a massive boost in speed, performance and additional transaction bandwidth.
Yesterday our order book experienced its highest day of volume on record!
Yesterday we released a new version of our Lightspeed matching engine to the public, a significant infrastructure update for Temple and the Canton Network.
With Lightspeed 2.0, our platform can now process over 85 million orders per day, settle 29x more trades per second, and match orders in 3.6ms.
Temple will use the new capacity and bandwidth to onboard more assets, liquidity, and trading accounts in Q4.
To try our new trading experience, please visit our website: templedigitalgroup.com
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Not making it up @tnuttin1. There will be a burn mechanism based on how much value the network generates from nockapps (internal demand for inference and compute) and external systems.
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Canton is truly one of the first Institutional Ecosystems emerging for regulated onchain capital markets.
This week’s summit in New York put the growing Canton economy on full display.
@temple_ny was proud to be part of this significant milestone for the network.
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From an unpublished editorial in 2023.
“Designing Zero Knowledge systems Is fundamentally different from architecting and building traditional blockchains. New mental models for decentralized applications and environments are emerging, to the point where the concept of ‘blockchains’ may phase out all together. Zero Knowledge teams may find themselves ‘Thinking in Zero Knowledge’ rather than integrating provable computing technology to existing architectures and ideas. Once this happens, an inflection point in the industry will cause a Cambrian Explosion of Zero Knowledge Networks to appear, networks with drastically different functionality that support greater adoption, connectivity, and usability.
Popular first generation blockchains such as Zcash leveraged early versions of zero knowledge technology to make the network private and secure. Future iterations, such as Mina’s ‘Succinct Blockchain’, leveraged a property called ‘recursion’ that allowed for a consistent block size and better accessibility for small validators. While this implementation of zero knowledge was not private by default, it leveraged properties of zero knowledge for scaling and security.
The paradox is that previous generations of blockchains will bootstrap zero knowledge infrastructure in order for ‘provable computing’ to become mainstream. And yet, these systems will most likely transcend blockchains to become something different all together. The zero knowledge caterpillar does not realize it’s using blockchain as a cocoon to become a beautiful, zero knowledge network butterfly.
Perhaps zero knowledge isn’t just a technology to support more layers of blockchain, but instead a new environment for distributed computing all together.
Once Zero Knowledge matures, it is conceivable that the distinction of ‘layers’ may disappear all together. Instead, teams may find themselves launching novel ‘Zero Knowledge Networks’ that seamlessly interact with one another. These systems will be more application centric, liquidity focused, and abstracted to increase the standardization and adoption of these networks.”
Sounds like $NOCK.
Some Upcoming Blockchain + ZK Predictions And Thoughts For 2025-2026:
1. The Blockchain caterpillar will completely give way to the Zero Knowledge Network butterfly.
2. By the end of the decade we will phase out the term 'blockchain' completely. If we are lucky, they will be replaced by 'Decentralized Networks'.
3. Many L2s fighting for survival will become frameworks to deploy L3s on the winner(s) of the L2 wars.
4. The app sovereignty movement will create a revolt where applications have more power to dictate liquidity and deployment strategies against their layer conterparts.
5. The best applications will behave like L1 ecosystems.
6. Base will seriously consider 'launching' on Bitcoin.
7. Every Ethereum L2 is a Bitcoin L2.
8. Circle will launch something that enables programmability for USDC. They will want to get closer and closer to the application layer.
9. The first 'Reverse Oracle' will appear.
10. The ICO will come back and rebalance the market to enable the old school true ecosystem cults.
11. Multiple 'ZK Eth-aligned projects' will break away from ETH and become protocol agnostic.
12. Multiple 'ZK Eth-aligned projects' will reveal their true intentions: That they are direct competitors with Eth and Solana (they dare not claim to be a competitor to BTC).
13. The winner of the proof wars will win by financializing the proof.
14. Loosers of the proof wars will 'wait for demand and supply to materialize'.
15. Every specialized proof startup today will converge to the realization that they must become something resembling a network, lest they give up too much ground to their competitors who will attempt to do the same.
16. The term Rollup will die.
17. The term Coprocessor will die.
18. Many old L1 protocols may forgo the layer strategy and become layer independent application networks.
19. OP-CAT will be launched in our lifetime.
20. We may have less blockchains, but we will have millions of networks. Call them Virtual Decentralized Networks. VDNs will be an emergant property of blockchain agnostic computation.
21. Liquidity will continue to be a core value proposition and competitive moat, until its not.
22. It's premature to say we are in the 'consumer era' - we need more consumer infrastructure at the application layer.
23. Teams will stop competing on consensus. Simultanously, new species of zk consensus will emerge.
24. There will be hundreds of Bitcoin Metaprotocols and layer 2s.
25. Then there will be less metaprotocols, and no layer 2s. Only Bitcoin and Bitcoin Apps (bApps).
26. Bitcoin L2s will become investors + branded liquidity for the next wave of true Bitcoin programmability.
27. Ethereum will solve the fragmentation crisis.
28. In a zero knowledge/post functional value proposition world, the premium a network commands comes from how its base asset is perceived, not the optimizations they create or technical issues they solve.
29. Applications disembodied from blockchains will tap into liquidity sources from any and all networks.
30. The Proof wars will continue.
31. A great deal of innovation will take place at the intersection of distributed network optimizations and FHE + MPC + ZK. These innovations will upend many notions we have about traditional blockchian architectures and user experience.
32. Embedded Decentralization will be the next battleground for adoption.
33. Teams will feel the odd constraint created by better technological innovations forced within smaller and smaller environments to experiment and compete.
34. ZK will create a class of applications with better ux and that feel more expressive.
35. The next great battleground is within traditional web 2 architectures.
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Hey @markjeffrey I follow you and I’m pretty surprised by this comment. I would have thought you understood crypto economic incentives and the security of POW networks - even before getting into the inference, compute, or proof market component of $NOCK.
If you’re talking about current state vs future state that’s different. But if this is your general assessment of the network we should hop on a call.
Most people in our industry don’t understand proof of useful work, zero knowledge virtual machines or proof based computation. So it’s easy to take a surface level view of Nockchain and generalize based on how older systems were designed.
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Almost exactly 2 years ago I predicted that a zk protocol would emerge and win by understanding the network effects of crypto economic incentives.
“13. The winner of the proof wars will win by financializing the proof.
14. Loosers of the proof wars will 'wait for demand and supply to materialize'.
15. Every specialized proof startup today will converge to the realization that they must become something resembling a network, lest they give up too much ground to their competitors who will attempt to do the same.”
@nockchain is the clear winner.
Some Upcoming Blockchain + ZK Predictions And Thoughts For 2025-2026:
1. The Blockchain caterpillar will completely give way to the Zero Knowledge Network butterfly.
2. By the end of the decade we will phase out the term 'blockchain' completely. If we are lucky, they will be replaced by 'Decentralized Networks'.
3. Many L2s fighting for survival will become frameworks to deploy L3s on the winner(s) of the L2 wars.
4. The app sovereignty movement will create a revolt where applications have more power to dictate liquidity and deployment strategies against their layer conterparts.
5. The best applications will behave like L1 ecosystems.
6. Base will seriously consider 'launching' on Bitcoin.
7. Every Ethereum L2 is a Bitcoin L2.
8. Circle will launch something that enables programmability for USDC. They will want to get closer and closer to the application layer.
9. The first 'Reverse Oracle' will appear.
10. The ICO will come back and rebalance the market to enable the old school true ecosystem cults.
11. Multiple 'ZK Eth-aligned projects' will break away from ETH and become protocol agnostic.
12. Multiple 'ZK Eth-aligned projects' will reveal their true intentions: That they are direct competitors with Eth and Solana (they dare not claim to be a competitor to BTC).
13. The winner of the proof wars will win by financializing the proof.
14. Loosers of the proof wars will 'wait for demand and supply to materialize'.
15. Every specialized proof startup today will converge to the realization that they must become something resembling a network, lest they give up too much ground to their competitors who will attempt to do the same.
16. The term Rollup will die.
17. The term Coprocessor will die.
18. Many old L1 protocols may forgo the layer strategy and become layer independent application networks.
19. OP-CAT will be launched in our lifetime.
20. We may have less blockchains, but we will have millions of networks. Call them Virtual Decentralized Networks. VDNs will be an emergant property of blockchain agnostic computation.
21. Liquidity will continue to be a core value proposition and competitive moat, until its not.
22. It's premature to say we are in the 'consumer era' - we need more consumer infrastructure at the application layer.
23. Teams will stop competing on consensus. Simultanously, new species of zk consensus will emerge.
24. There will be hundreds of Bitcoin Metaprotocols and layer 2s.
25. Then there will be less metaprotocols, and no layer 2s. Only Bitcoin and Bitcoin Apps (bApps).
26. Bitcoin L2s will become investors + branded liquidity for the next wave of true Bitcoin programmability.
27. Ethereum will solve the fragmentation crisis.
28. In a zero knowledge/post functional value proposition world, the premium a network commands comes from how its base asset is perceived, not the optimizations they create or technical issues they solve.
29. Applications disembodied from blockchains will tap into liquidity sources from any and all networks.
30. The Proof wars will continue.
31. A great deal of innovation will take place at the intersection of distributed network optimizations and FHE + MPC + ZK. These innovations will upend many notions we have about traditional blockchian architectures and user experience.
32. Embedded Decentralization will be the next battleground for adoption.
33. Teams will feel the odd constraint created by better technological innovations forced within smaller and smaller environments to experiment and compete.
34. ZK will create a class of applications with better ux and that feel more expressive.
35. The next great battleground is within traditional web 2 architectures.
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Temple Digital Group is now the largest contributor to burn on Canton.
Temple Digital Group has burned over 1 Billion $CC for the @CantonNetwork. Our contribution to network burn since January now exceeds $100 Million.
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Happy to have a real conversation about this.
I think they have a serious shot at becoming hard, private, quantum resistant money backed by energy and compute.
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Not a pivot at all - they just need to lay out the full vision. The architecture is so large in scope that it can do many, many things.
To the untrained eye it can look like a pivot, however the $nock proof machine *enables* compute markets, and compute markets will *support* external inference buyers and native nockapps using the ZKVM
Don’t write it all off just yet. Perhaps keep an open mind. This technology is very different from previous distributed systems or blockchain based ai networks.
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Nockchain’s @loganallc is one of the only people in the world that deeply understands zero knowledge proofs, artificial intelligence, compute markets, and distributed systems.
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One of the first Decentralized Hyperscalers, @nockchain, is growing at a breathtaking rate.
They've now reached the capacity of a traditional data center, valuing their network of hardware at over half a billion.
Unbelievable AI Compute Network growth happening every single day.
Nockchain is the fastest growing AI network in the world.
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The first gold and bitcoin pair for @CantonNetwork is now live on @temple_ny.
Introducing Gold/BTC.
@CantonNetwork's first gold and bitcoin pair, powered by @EmberProtocol's eXAU and @BitSafe_Finance's CBTC, is now available on Temple.
templedigitalgroup.com/marke…
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Direct bank transfers and funding are now live on @temple_ny.
Bank transfers are now available on Temple through our partnership with @hifihq.
Eligible accounts may fund and withdraw in USD against @circle's USDCx directly from our trading platform.
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@sonnet_xu There are new protocols using cryptography to embed verification directly into the computation itself.
@nockchain is a good example of this. I highly recommend reading the paper and connecting with the team if this is an area of interest!
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Recommend connecting with @loganallc. Best implementation on the market of Proof Of Useful Work and a clearer path to the network’s inference being used.
Both by applications on the network and external groups.
Calling this a “decentralized Hyperscaler”.
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They’re also having a difficult time competing on institutional capital markets infrastructure generally (not just RWAs) against @CantonNetwork.
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